Am I wrong for thinking Rageblade is a dumb item on the PBE right now?

In terms of it's passive, how dang cost efficient it is and how it can interact with masteries now, I see a lot of champions turning to it with their own build.

Hybrid champions on ones with hybrid scaling like Kogma, Corki, Jax, Kayle etc, I see a lot of these champions going to this item and make them pretty strong if they get it early.